In an era where blockchain technology continues to dominate discussions in both investment and technology sectors, Polymarket, a prominent prediction platform based in New York, is making headlines with its recent funding endeavors. According to a report by The Information, Polymarket is engaged in conversations to secure $50 million in investment capital. This funding drive
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In a significant strategic move, Kraken has announced its acquisition of Coin Meester (BCM), a historic player in the Dutch cryptocurrency landscape. This announcement, made public on September 24, highlights Kraken’s intent to solidify its foothold in the Netherlands while simultaneously expanding its business operations across the continent. Coin Meester, recognized as one of the
The gaming industry stands at a pivotal intersection as the emergence of Web3 technologies transforms how games are developed, played, and monetized. A recent publication from Elympics, the Global Gaming Report 2024, delves into this dynamic evolution, signaling an imminent shift in gaming paradigms. Unlike traditional gaming models that emphasize pay-for-play mechanics, Web3 gaming embraces
The intersection of sports and technology continues to flourish, particularly in the realm of cryptocurrency. A noteworthy development is the recent partnership between the Seychelles-based cryptocurrency exchange Bitget and the prestigious La Liga, Spain’s premier football league. Announced during the Token 2049 event in Singapore, this collaboration not only cements Bitget’s position in the sporting
The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB), stating that the bank had significant deficiencies in its governance, particularly in its adherence to anti-money laundering (AML) laws and risk management related to virtual currency customers and foreign correspondent banking. This order comes after an examination conducted in May 2023,
X Empire has taken the world of gaming by storm with its innovative approach to tap-to-earn crypto games. By combining virtual mining with the allure of cryptocurrency, X Empire has captured the attention of players looking to explore new opportunities in the blockchain space. At the core of X Empire’s gameplay lies the concept of
The latest Crypto Wealth Report 2024 by Henley & Partners has revealed some staggering statistics regarding the growth of wealth in the crypto market. The number of individuals holding over $1 million in digital assets has surged by 95% to 172,300, with the total value of the crypto market reaching $2.3 trillion, an 89% increase
Crypto.com, a leading cryptocurrency exchange based in Singapore, has recently announced a partnership with Standard Chartered, a multinational banking institution, to offer fiat services to retail users globally. This partnership will allow users to deposit and withdraw the United States dollar (USD), the euro (EUR), and the United Arab Emirates Dirham (AED) on the Crypto.com
The Nigerian Securities and Exchange Commission (SEC) has recently granted two local crypto exchanges, Busha Digital Limited and Quidax, “Approval-in-Principle” to commence operations under the Accelerated Regulatory Incubation Program (ARIP). These approvals are part of the SEC’s efforts to promote innovation while ensuring investor protection within the digital asset space. The ARIP was designed to
Meta’s recent decision to cancel its next-generation mixed-reality headset has sent shockwaves through the tech community. The move, which CEO Mark Zuckerberg and other top executives deemed necessary after a product review meeting, reflects a broader shift in the company’s strategic priorities. Instead of going head-to-head with high-end hardware competitors like Apple’s Vision Pro, Meta